secwatch.observer — SEC 8-K summary
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Issuer:     CoreWeave, Inc. (CRWV)
CIK:        0001769628
Form:       8-K
Filed at:   2026-09-22T20:17:14+00:00
Accession:  0001769628-26-000432
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreWeave closes $4.2B 2.875% convertible notes due 2033, upsized from $3.0B
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- $4.2B aggregate principal of 2.875% convertible senior notes due 2033 issued; initial conversion price $97.85/share, a 22.5% premium over $79.88 close.
- Net proceeds ~$4.137B after discounts; $566.2M used for capped call transactions; remainder for general corporate purposes.
- Capped calls with cap price $199.70/share (150% premium) entered with Barclays, Citi, Deutsche Bank, Goldman Sachs, and others to reduce conversion dilution.
- Initial purchasers' $500M option exercised in full, increasing offering from $3.0B originally announced; notes mature April 1, 2033.
- Notes are senior unsecured, guaranteed by CoreWeave subsidiaries, and convertible into cash, stock, or a mix at CoreWeave's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/0001769628-26-000432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/crwv-20260917.htm
  HTML page:      https://secwatch.observer/filing/0001769628-26-000432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer